Toronto-based Skyline Investments has placed another four of its U.S. hotels under contract for sale.
Skyline tried unsuccessfully earlier this year to sell its entire portfolio of 15 U.S. hotels. It has now reached piecemeal deals to sell a dozen of them, as reported by CoStar.
The four new properties under contract are expected to sell for a combined price of $31.5 million, according to Skyline’s filing. That total is about $4.2 million less than the total value of the properties on the company's books as of March 31.
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